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The US News Magazine is the most creditable source for ranking US colleges.  I knew this much during my business scholl days at Michigan State. Here is the link: http://www.usnews.com/sections/rankings

yep, you are right. Webometrics is a phoney. Its amazing how many naija people use this useless sites to select good universities.

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sefago, you might want to repost your original post that was deleted but try break it up into pieces and not just posting the whole thing at once.

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davidif:

candylips and sagamite, kilon seyin no?? how can someone seriously say that getting an MBA from Texas Southern University or Grand Valley State is the same as getting an MBA from MIT?

candylips i know that you are not in the US but the educational system in the UK is a lot different from that in the US.

Igba wo ni mo so iyen? I never said anything like that. If you look at my historical posts on this thread you would notice I have maintained go to the global top 25 MBA schools or forget it except someone else is paying.

I think where you might be mixing me up is the fact I support candylips post that those that go on to do MBA at places like Havard are normally academically proficient before and are likely to be successful anyway even if they had gone to Wake Forest or etc.

I have noted that if someone goes to a place like University of Leicester and achieves a 1st Class degree, it is usual for the likes of Oxford or Cambridge to provide them with scholarship to come and study for an MSc or Phd as a strategy to tap into the accolades when he makes it in life.

davidif:

sefago, i ain't seeing your post, its as if the spambot deleted it.


Thank you jo, dayokannu, can you imagine learning from the guys who actually formulated the theories that you are cramming or the guys who actually wrote the textbooks. I can't think of a better way to learn son.

You would barely spend 6 hours (being generous here) of your studies with them in your whole time doing the MBA. Better off buying their book in my opinion.

If you have the privilege of spending 6hrs with Warren Buffett and I bought his book, I can virtually guarantee there is nothing you would learn from him that I would have not learnt from the books. Yet you might have paid 10000% the price I paid just for the privilege.

If you are willing to pay and show enough desperation especially in a herd mentality sought of way, people will milk you.

I watched this programme yesterday:

http://www.traileraddict.com/trailer/nursery-university/trailer

It documents how New Yorkers are dying to get their children into the top private Nursery schools in New York.

The herd mentality that has caught them which somehow makes them believe that the 3 year old kids need to be in such schools to be able to be on a journey to Ivy League (hence future magnificent success) and if they are not on the train now they have missed that opportunity, has resulted in demand far exceeding supply.

Hence they have to spend hours on the phone on a given date to APPLY for an application form that cost $50 (note: this people apply to circa 10 schools to give the kid a higher success probability)

After the application form that involves them writing an essay about the 3 yr old child and parents (careers, background, desires etc), and why the school should consider the child, they then have to go for open evenings (where you watch everything you do and say) to chat with the school.

By the way, they have to apply one year in advance or they have no chance.

Then some pay selection consultants circa $4K to advice how to fill applications (stupid, long ones) and behave to ensure their ward is selected.

Then they have to bring their 3 year old children for play interviews for the school to assess them, and then the school interviews both parents.

Then the school goes through their selection (partly picking and partly lottery), if your ward is not selected, you have to fight to be on the waiting list by calling them politely everyday (otherwise, no chance).

And if you ward is selected, then you pay them between $15K to $20K PER YEAR for the fantastic privilege of watching a 3 year old play with toys and plastercines and shit in their pampers.

WTF would a 3 year old child learn that is worth $20K? Upon that, you go through stress to have the privilege of paying this $20K.

And these people paying this are apparently well educated, some on the documentary even went to Harvard, Columbia and the likes. *shakes head*

Rather than pay such a rip off, I would rather go and bleeping drive an SLK Mercedes at 12am in Ajegunle (just at the time the alayes are on their way to work) blasting a Mozart piece at the highest volume so that at least a gun is involved in robbing me of my $20K.

Lesson: If you follow the herd mentality and show enough desperation, PEOPLE WOULD RIP YOU OFF and you would be grateful and thankful for the privilege.

Here is the first 5 minutes of the programme.


https://www.youtube.com/watch?v=xl5lBH8o_sc

@Sagamite

Nice post. I watched that programme too and tought it was absolutely ridiculuos.

davidif:

sefago and dayokannu
you are right, the Asians do understand that not all education is the same,  and that's why they try to get into the best schools. They know that comparing an education from MIT with one from the University of Arkansas is like comparing some secondary school like comparing NYU to UNILAG or Loyola Jesuit college Ansarudeen.
Of course, there might be one or two gifted kids that come of out ansarudeen, but seriously does that mean that they are now on the same level. Heck, the kids would have learnt a lot more had they gone to Loyola. My people, the difference is clear.
These guys truly value not just an ordinary education but a truly excellent one.

There is nothing like an excellent tertiary education. Going to an MIT instead of a Uni of florida is not going to improve your intellegence. Whatever you become in this life is 90% of your internal intelligence schools only provide an enabling enviroment for you to nature them. The real business starts when you leave school.
You spend just 4 yrs in a school enviroment and spend the rest of your adult life in the real world. Real world experience is what matters and counts.

Also these asian kids are already smart and they will be just fine if then went to a ny other average school

Pls note that all these ranking business is usually based on reasearch so i will probably regard top school more if you were doing a PHD for example or an M.res but certainly not a Bsc or taught Msc

davidif:

how can someone seriously say that getting an MBA from Texas Southern University or Grand Valley State is the same as getting an MBA from MIT?

What is the difference. I did a comparison of the syllabus of Havarad and Uni North Carolina for example and apart from one or two courses they are very similar. So why should i pay 100k for Havard as against 15k for UNCC. What is in the harvard mba that is worth 85k more. certainly not the lecturing because all these top schools are notorious for their rigorous approach to self study and coursework. So if that is the case then i can easily go to a uncc and buy books and study on my own . right. or even just stay in paid employment and buy books that i read on my own and probably do professional courses which actually makes more sense to me

candylips:

@Sagamite

Nice post. I watched that programme too and tought it was absolutely ridiculuos.


There is nothing like an excellent tertiary education. Going to an MIT instead of a Uni of florida is not going to improve your intellegence. Whatever you become in this life is 90% of your internal intelligence schools only provide an enabling enviroment for you to nature them. The real business starts when you leave school.
You spend just 4 yrs in a school enviroment and spend the rest of your adult life in the real world. Real world experience is what matters and counts.

Also these asian kids are already smart and they will be just fine if then went to a ny other average school

Pls note that all these ranking business is usually based on reasearch so i will probably regard top school more if you were doing a PHD for example or an M.res but certainly not a Bsc or taught Msc

What is the difference. I did a comparison of the syllabus of Havarad and Uni North Carolina for example and apart from one or two courses they are very similar. So why should i pay 100k for Havard as against 15k for UNCC. What is in the harvard mba that is worth 85k more. certainly not the lecturing because all these top schools are notorious for their rigorous approach to self study and coursework. So if that is the case then i can easily go to a uncc and buy books and study on my own . right. or even just stay in paid employment and buy books that i read on my own and probably do professional courses which actually makes more sense to me

Thanks, mate.

I would disagree with you slightly here.

The advantage the top schools have over other schools is that they might be better equiped (teachers, facilities etc), they most likely are tougher to pass at (I know the exam difference btw redbrick unis and others), they have better networks for jobs and you meet, exchange knowledge with top-notch fellow students.

My argument if you look at my earlier posts is that: is this beneficial difference (which does exist) worth the cost difference. In most cases, NO!

The premium they are charging for the beneficial difference is a rip-off. At that cost, I say start your own business or invest your money in a few start-ups (i.e. diversification of risks) that have a future.

Sagamite:

Thanks, mate.

I would disagree with you slightly here.

The advantage the top schools have over other schools is that they [b]might [/b]be better equiped (teachers, facilities etc), they most likely are tougher to pass at (I know the exam difference btw redbrick unis and others), they have better networks for jobs and you meet, exchange knowledge with top-notch fellow students.

My argument if you look at my earlier posts is that: is this beneficial difference (which does exist) worth the cost difference. In most cases, NO!

The premium they are charging for the beneficial difference is a rip-off. At that cost, I say start your own business or invest your money in a few start-ups (i.e. diversification of risks) that have a future.

You used the right word here and i will also agree with you on the other points.

i was trying to see if there is any justification for the difference is costs here

What is the difference. I did a comparison of the syllabus of Havarad and Uni North Carolina for example and apart from one or two courses they are very similar. So why should i pay 100k for Havard as against 15k for UNCC. What is in the harvard mba that is worth 85k more. certainly not the lecturing because all these top schools are notorious for their rigorous approach to self study and coursework. So if that is the case then i can easily go to a uncc and buy books and study on my own . right. or even just stay in paid employment and buy books that i read on my own and probably do professional courses which actually makes more sense to me

The other angle am also coming from is that since these schools are attendend by very brilliant students the revelance of the better teachers or equiment or networking is very maginal because intellegent students don't rely on beign spoon fed by teachers, they also will 9 out of 10 times perform better in an interview situation. Normally averge schools will have very good equiment for practicals for instance at least at Bsc and Msc levels.

But i will say though that there will be a marked difference at the PHD level. as an example for instance a Phd in Astrophysis is Uni Chicago should be more expensive than MIT . why ? because Uni Chicago has a most advanced space observatory in the world but guess what. it is cheaper than MIt. why ? i have no idea

going back to the MBA , I would probably have supported the 100K cost if these schools admit very academically deficient students and bring them up to par with other very brillant students but as it stands they are reaping what they did not sow .

candylips:

The other angle am also coming from is that since these schools are attendend by very brilliant students the revelance of the better teachers or equiment or networking is very maginal because intellegent students don't rely on beign spoon fed by teachers, they also will 9 out of 10 times perform better in an interview situation. Normally averge schools will have very good equiment for practicals for instance. But i will say though that there will be a marked difference at the PHD level but not at a Msc or Bsc leve

I would probably have supported the 100K cost if these schools admit very academically deficient students and bring them up to par with other very brillant students but as it stands they are reaping what they did not sow .

You are right that the top schools would not increase the intelligence of the students. I think what the students are paying for (apart from brand equity) is the knowledge acquired.

The Harvard professor is likely to be a consultant to the blue chips on management and strategic issues. The experience from this consulting might be infused into the style and content of the curricullum which would help ensure that the graduating MBA student is trained on pertinent issues rather than standard or obsolete issues in a dynamic business world.

Other business schools can copy top business schools in regards to facilities and curricullum but these unique competitive advantage (of top lecturers knowledge and exposure) that top business schools have is not imitable. That is why the top business schools have a stronger brand and can charge a higher fee. They lead, the rest only follow.

Also, the opportunity top schools provide of, being able to sit down and share knowledge with very intelligent people is far better than sharing with some average people that do not have cutting edge thinking but regurgitate materials read in books and articles.

The only problem is the price being charged for these.

again you are spot on and i agree with your points.

well i guess we mere mortals will never know reason for this extravagant valuation. Wht i really hate is when folks that went to these schools like 10 yrs ago come around robbing it on my face. . . excuse me . . whatever u were taught 10 yrs ago is probably no more relevant in this fast paced world.

funny enough there are now many jobless Harvard grads since the start of the recession wonder why their fantastic Consultant teachers didn't forsee these

candylips:

again you are spot on and i agree with your points.

well i guess we mere mortals will never know reason for this extravagant valuation. Wht i really hate is when folks that went to these schools like 10 yrs ago come around robbing it on my face. . .  excuse me  . . whatever u were taught 10 yrs ago is probably no more relevant in this fast paced world.

funny enough there are now many jobless Harvard grads since the start of the recession wonder why their fantastic Consultant teachers didn't forsee these 

Abi o.

I don't judge people by the gloss they place in front of me. I judge them by the intelligence that comes out of their mouth and their thinking process except I am assessing them for a specialist role e.g. Quants, actuary, software development etc that are straightforward A, B, Cs. Top school students might be more naturally gifted in this respect.

For other roles, the advantage a top school graduate would have with me is a more generous benefit of doubt, I would still test them (along with others from lower unis) on logical and lateral thinking that is not structured (easily learnt) before I agree they are intelligent.

E.g. if I was interviewing someone in Nigeria for a job in a Bank, I might ask him how do you propose the Niger Delta crisis is solved. If someone from a lower school can come up with something plausible, then that is an intelligent person. The whole top school might just be gloss linked to privilege.

Sagamite:


E.g. if I was interviewing someone in Nigeria for a job in a Bank, I might ask him how do you propose the Niger Delta crisis is solved. If someone from a lower school can come up with something plausible, then that is an intelligent person. The whole top school might just be gloss linked to privilege.

GBAM !!

Perhaps they are that expensive for the same reason that a first class airplane seat costs are high . rich folks buy these first class tickets at whatever costs.

Maybe if i was very rich i would pay from my pocket for a Harvard education. 100k should be chicken change to me na  .

I know a couple of guys that recently completed a Harvard MBA and they were [b]sponsored [/b]by their company. In a situation like that i am not against a 100K Harvard MBA as long as the company foots the bill . infact i wouldn't mind wasting 2 yrs of my life doing the MBA sef

What is the difference. I did a comparison of the syllabus of Havarad and Uni North Carolina for example and apart from one or two courses they are very similar. So why should i pay 100k for Havard as against 15k for UNCC. What is in the harvard mba that is worth 85k more. certainly not the lecturing because all these top schools are notorious for their rigorous approach to self study and coursework. So if that is the case then i can easily go to a uncc and buy books and study on my own . right. or even just stay in paid employment and buy books that i read on my own and probably do professional courses which actually makes more sense to me

[size=18pt]WHAT?!?!?!?!?[/size] I know you are probably in London so you know nothing about the united state's school system. University of North Carolina in Chapel Hill is one of the best schools in the country. In fact, it is one of the top 50, so don't EVEN begin to compare it to a school like texas southern university. Wake Forest University too is consistently among the top 50 also. Vanderbilt, Wake Forest, Fisk, UNC, University of Texas, Rice are the top schools in the southern part of the US.
Also, education in yanki is not like the type in England. Here teachers actually teach you, its not like England that is intensive on self study. If you like no go class one day especially if you are in grad school and see what happens to you.

But i will say though that there will be a marked difference at the PHD level. as an example for instance a Phd in Astrophysis is Uni Chicago should be more expensive than MIT . why ? because Uni Chicago has a most advanced space observatory in the world but guess what. it is cheaper than MIt. why ? i have no idea

It is probably cheaper for several reasons, the department might not have its own building therefore the costs are low or it might be that MIT has more research proffessors. It might also be because they don't have a department so they borrow course from the physics department or school of astronomy. I don't know the specific reason.

On another issue, Wake Forest might have a free MBA program as a way of attracting minority students or poor students. In the ivy league school like Harvard, Yale and co. they recently instituted a policy that if you are from a lower income family, THEN YOUR TUITION IS FREE. This is because they make sooooooo much money from there endowments so they don't need there money. It is also a way of truly attracting the best and the brightest who might not have the money especially minorities, so sagamite, you might wanna consider going there (wake forest).

You would barely spend 6 hours (being generous here) of your studies with them in your whole time doing the MBA. Better off buying their book in my opinion.

If you have the privilege of spending 6hrs with Warren Buffett and I bought his book, I can virtually guarantee there is nothing you would learn from him that I would have not learnt from the books. Yet you might have paid 10000% the price I paid just for the privilege.

Can you imagine going to Columbia University and being taught by the likes of Nobel Prize winners like Joseph Stiglitz (former clinton economic advisor) or Paul Krugman, it doesn't get no better than that.

Also, in addition go to wikipedia and look at the alumni list from the ivy leagues and you would see what i am talking about.


Food for thought: do you honestly think that Barack Obama would have become president had he gone to a school like Texas Southern University rather than a glossy school like columbia or harvard.

this is sefago, with a different account.
I was banned for posting spam 

Food for thought: do you honestly think that Barack Obama would have become president had he gone to a school like Texas Southern University rather than a glossy school like columbia or harvard.

I wouldn't be surprised if some people argue that obam awould have been president if he went to any school. But davidif you hit a really good point on the head that is very disturbing on its own Obama wouldnt have even won the primaries if he had not gone to these schools. Most of his support in the early stages came from the liberal egghead groups intellectuals and professors- they identified with him because he attended these schools and they assumed he was smart as a result. Its a sad fact, but their would have been no black president without the help bastion of white privilege, the ivy league.

Also, in addition go to wikipedia and look at the alumni list from the ivy leagues and you would see what i am talking about.

I posted these previously but it got deleted. The alumni list for these schools is phenomenal, with a proven track record of success. Like nearly every major investment bank (i know its a general statement but too late to produce hard facts), at one point in its history, has been lead by a harvard business school graduate. It is likely that some smart student from a state school could do an equal or better job running  these banks, but harvard gave that future ceo the extra bump he needed. John thain, vikram pandit, privates kovacevich all attended top schools, the list goes on and on.

But i will say though that there will be a marked difference at the PHD level. as an example for instance a Phd in Astrophysis is Uni Chicago should be more expensive than MIT . why ? because Uni Chicago has a most advanced space observatory in the world but guess what. it is cheaper than MIt. why ? i have no idea

This doesn't even make sense- you usually dont pay for doctoral programs, you get a tuition waiver and stipend. Especially for astrophysics, they might put the tuition down online, but thats pretty standard, NO one pays for a phd in astrophysics.

Also, education in yanki is not like the type in England. Here teachers actually teach you, its not like England that is intensive on self study.

yeah i was like wtf at first, then i remembered what a grad student at my school who did his undergrad at LSE said about the school. He said they gave them a list of books to read for a class and u read the books for the semester. Like classes in the UK have like 100 students in a class so it might make sense. Only first years classes at top schools in the US have that many students. Most classes range from 15-35.Also classes are thought differently from seminar classes, to tutorials, to discussion, to labs, to math study groups. From experience, if you miss class your teacher would know. Also classes are sometimes run in a discussion format so if you did not do the reading for that week the professor would know, especially if you dont say anything in that class.

funny enough there are now many jobless Harvard grads since the start of the recession wonder why their fantastic Consultant teachers didn't forsee these

compare the unemployment rate of harvard to other schools, and you would know whats up . Also dont forget that harvard students predominantly enter the financial sector (worst hit by the recession)- they no dey waste time for engineering/anything that doesnt spell insane cash in the future. If they dont do finance they enter law school/medical school. For the ones who were born to be selfless and attend harvard- those are the ones you see who dont have jobs. They want to be teachers, environmentalist, fight for human rights.

If these jobless harvard students start competing with the same jobs as most people, you wiill know the true meaning of competition. Some of these students can speak four languages and are just inteersted in translating old documents for history professors.

Infact I would say we should revert back to business school, because it you are talking about students at top universities in the US, they are a different set of people, they are really hardworking (most) and know what they want to do with their lives, thats how they ended up there

devilmaycy

Omo, thanks a lottttttttttttttttttt for your points. I have been trying hard to explain to this my brothers but they won't yield.

yeah i was like wtf at first, then i remembered what a grad student at my school who did his undergrad at LSE said about the school. He said they gave them a list of books to read for a class and u read the books for the semester. Like classes in the UK have like 100 students in a class so it might make sense. Only first years classes at top schools in the US have that many students. Most classes range from 15-35.Also classes are thought differently from seminar classes, to tutorials, to discussion, to labs, to math study groups. From experience, if you miss class your teacher would know. Also classes are sometimes run in a discussion format so if you did not do the reading for that week the professor would know, especially if you dont say anything in that class.

You are soooooooooooooo on point. Here in undergrad, if you miss one day of class especially in senior year that na disaster. My guy (candylips) doesn't understand that the system is a lot different.

I posted thios previously but it got deleted. The alumni list for these schools is phenomenal, with a proven track record of success. Like nearly every major investment bank (i know its a general statement but too late to produce hard facts), at one point in its history, has been lead by a harvard business school graduate. It is likely that some smart student from a state school could do an equal or better job running these banks, but harvard gave that future ceo the extra bump he needed. John thain, vikram pandit, privates kovacevich all attended top schools, the list goes on and on.

Thank you jo, have you also forgotten Treasury secetary Henry Paulson (Harvard), Ben Bernanke (Harvard), Timothy Geithner (Dartmouth). This are the guys who worked to save the US financials system from collapsing. Last time i checked, they didn't go to northern oklahoma panhandle state.

At the University of Chicago any finance student would be taught by Scholes(Black-SCHOLES) modelling and Harry Markowitz.

For those saying they would start a business I doubt the 100k Obama, Clinton, Okonjo Iweala and co paid for the Ivy league education matters right now given the positions they have attained,

Here is a link to the Nobel laureate from University of Chicago alone

http://www.uchicago.edu/about/accolades/nobel/

I am sooo for the IVY league education how many Nobel laureate and Policy makers are from Texas Souther University or Panhandle

davidif:

Can you imagine going to Columbia University and being taught by the likes of Nobel Prize winners like Joseph Stiglitz (former clinton economic advisor) or Paul Krugman, it doesn't get no better than that.

Also, in addition go to wikipedia and look at the alumni list from the ivy leagues and you would see what i am talking about.


Food for thought: do you honestly think that Barack Obama would have become president had he gone to a school like Texas Southern University rather than a glossy school like columbia or harvard.

I repeat Stiglitz and Krugman would never have your time. It is just a sales pitch for the biz school to get their hands on your $100K.

The only way you can really learn something special from Stiglitz or Krugman that is not in there numerous books is to enrol on a Phd and be part of his academic team.

For $100K? I might tell Stiglitz and Krugman what to kiss.  

Here is a link to the Nobel laureate from University of Chicago alone

http://www.uchicago.edu/about/accolades/nobel/

yaaaaaaaay, omo that is ABSOLUTELY RIDICULOUS  and Nigerians are still boasting about Wole Soyinka and Emeka Emeaghwali? 

sagamite

But i will say though that there will be a marked difference at the PHD level. as an example for instance a Phd in Astrophysis is Uni Chicago should be more expensive than MIT . why ? because Uni Chicago has a most advanced space observatory in the world but guess what. it is cheaper than MIt. why ? i have no idea

It is probably cheaper for several reasons, the department might not have its own building therefore the costs are low or it might be that MIT has more research proffessors. It might also be because they don't have a department so they borrow course from the physics department or school of astronomy. I don't know the specific reason.

On another issue, Wake Forest might have a free MBA program as a way of attracting minority students or poor students. In the ivy league school like Harvard, Yale and co. they recently instituted a policy that if you are from a lower income family, THEN YOUR TUITION IS FREE. This is because they make sooooooo much money from there endowments so they don't need there money. It is also a way of truly attracting the best and the brightest who might not have the money especially minorities, so sagamite, you might wanna consider going there (wake forest).

dayokanu:

At the University of Chicago any finance student would be taught by Scholes(Black-SCHOLES) modelling and Harry Markowitz.

For those saying they would start a business I doubt the 100k Obama, Clinton, Okonjo Iweala and co paid for the Ivy league education matters right now given the positions they have attained,

Here is a link to the Nobel laureate from University of Chicago alone

http://www.uchicago.edu/about/accolades/nobel/

I am sooo for the IVY league education how many Nobel laureate and Policy makers are from Texas Souther University or Panhandle

I am all for Ivy League Ed mate. As a matter of fact, I decided it was redbrick or no uni for me when I had to make the uni selection.

But I would not go and pay $100K after that to do an MBA in a top school.

But I would not go and pay $100K after that to do an MBA in a top school.

What does 100k mean to the likes of Okonjo-Iweala, Obama, Clinton and Al Gore now, If they had thought about the high cost of an Ivy league school in their college days, They wont be household names nowadays.

I repeat Stiglitz and Krugman would never have your time. It is just a sales pitch for the biz school to get their hands on your $100K.
The only way you can really learn something special from Stiglitz or Krugman that is not in there numerous books is to enrol on a Phd and be part of his academic team.

These guys were probably faculty members before Clinton appointed them and they had students who were privileged to learn under them and develop into great minds

On another issue, Wake Forest might have a free MBA program as a way of attracting minority students or poor students. In the ivy league school like Harvard, Yale and co. they recently instituted a policy that if you are from a lower income family, THEN YOUR TUITION IS FREE. This is because they make sooooooo much money from there endowments so they don't need there money. It is also a way of truly attracting the best and the brightest who might not have the money especially minorities, so sagamite, you might wanna consider going there (wake forest).

Thats actually true. However, i would have to erm, point out some misconception. Harvard's  policy (which actually makes schools free for families who earn less than 60, 000 dollars) is only for its undergrad. And no other school does this. As lagbaja says, nothing for you if you are at the business school. This si interesting though. It makes us aware that:

1) Harvard knows that there is a market for their MBA. people are willing and ready to pay for this product. As I said assuming this was a market, the consumers are more than satisfied with their product.
2) As a result Harvard has no reason to give any incentives to attract consumers. They can't bloody fool people for undergrad though- why is this the case- because you can be anything you want to be regardless of what undergrad you go to. So harvard trys to attract the best and the brightest regardless of their ability to pay.

It is important to note that harvard knows that their MBA is overpriced and the reason most people attend the schools is for its resume value. However as long as there are buyers, there would be sellers no matter how much people debate.

davidif:



yaaaaaaaay, omo that is ABSOLUTELY RIDICULOUS   and Nigerians are still boasting about Wole Soyinka and Emeka Emeaghwali?  

USA is by far the richest country in the world and Uni of Chicago is one of its best unis, bar some Unis in the UK that are the Golden Triangle Universities (Cambridge, Oxford, LSE, Imperial, UCL, King's) and probably Manchester and Edinburgh, there are very few universities in other countries in the world that can compete in providing the support that churns out the Nobel level research.

Nigeria does not have the economic muscle and the academic environment to compete at this level. So I think we should be proud of the ones we churn out, no matter how little.

davidif:

On another issue, Wake Forest might have a free MBA program as a way of attracting minority students or poor students. In the ivy league school like Harvard, Yale and co. they recently instituted a policy that if you are from a lower income family, THEN YOUR TUITION IS FREE. This is because they make sooooooo much money from there endowments so they don't need there money. It is also a way of truly attracting the best and the brightest who might not have the money especially minorities, so sagamite, you might wanna consider going there (wake forest).

Free education in Harvard and Yale?

Oshe, oshe o, oshe o, oshe baba!!!  

Make I dust my brain before I go back to school.

^^^ Prepare for a 760 GMAT and you would have a good case

dayokanu:

What does 100k mean to the likes of Okonjo-Iweala, Obama, Clinton and Al Gore now, If they had thought about the high cost of an Ivy league school in their college days, They wont be household names nowadays.

That is one path.

I would prefer the path of Philip Green, Warren Buffet, Silvio Berlusconi, Dangote, Otedola etc.

dayokanu:

^^^ Prepare for a 760 GMAT and you would have a good case

Wetin dey? Dem no go accept 520 from a black man? They must be racist.

Sagamite:

Wetin dey? Dem no go accept 520 from a black man? They must be racist.

lets just say they are elitist . The posher u are with a little bit of brain cells the easier it is to get into the Top schools.

dayokanu:

What does 100k mean to the likes of Okonjo-Iweala, Obama, Clinton and Al Gore now, If they had thought about the high cost of an Ivy league school in their college days, They wont be household names nowadays.

I think Okonji-Iweala was a Federal goverment scholar so she didn't pay for her MIT education she was sponsored by the Nigerian government  i think.

Clinton and Al Gore are from very wealthy backgrounds. So going to an elite school is a must for them. They probably went to elite secondary schools as well.

dayokanu:

At the University of Chicago any finance student would be taught by Scholes(Black-SCHOLES) modelling and Harry Markowitz.

Yes but you wouldn't learn that much in an MBA. MBA is very very over-rated . It is very very easy  even easier than an undergraduate degree.
If it was a Msc Finance them u might probably learn something from the master himself. if you talk about Phd then i accept because u will be robbing minds with these legends constantly

devilmaycy:

This doesn't even make sense- you usually dont pay for doctoral programs, you get a tuition waiver and stipend. Especially for astrophysics, they might put the tuition down online, but thats pretty standard, NO one pays for a phd in astrophysics.

davidif:

It is probably cheaper for several reasons, the department might not have its own building therefore the costs are low or it might be that MIT has more research proffessors. It might also be because they don't have a department so they borrow course from the physics department or school of astronomy. I don't know the specific reason.

do u mean for US citizens because last time i check MIT website before they accept you for a Phd program (as a foreign student) u have to provide proof that u can pay the tuition.

The reason i used astrophysics as an example is that to complete  a phd u need to spend a lot of time in a space observatory. What normally happens is that when u are doing ground breaking research u need a very powerful observatory. Since Uni Chicago has the best in the world, students from other schools buy time to use it. and ofcourse premium is given to uni chicago students. so my main point was that why is it still cheaper than MIT when even if you are in MIT and you are working on a ground breaking research project you will need to spend some time in Chicago.

davidif:

Can you imagine going to Columbia University and being taught by the likes of Nobel Prize winners like Joseph Stiglitz (former clinton economic advisor) or Paul Krugman, it doesn't get no better than that.

Again Sagamite has answered this as a mere sales pitch  . A 1-2 yrs MBA is a very short time to learn from these guys. besides these guys have written lots of books about their theories which you can buy and learn from easily. Most of their ground breaking work are highly technical and much more useful in a more advance degree like a Phd.

The bad thing about a Phd though is that you are mostly on your own working on new theories based on old ones by this guys. These guys as your superviors for example will only serve as your guide because by the time u are done with your Phd you will have more knowledge than them in the core aspect u are looking at. 

lets take Black-Scholes model or the Markowitz theory for example. And while it was ground breaking in the 60's and 70's there has been a lot of revisions to these model because of its so many limiting assumptions . and if you probably enrol for a Phd finance today and do reaserch on these theories you will probably come up with something different. for instance (sorry to bore u with this . . .) Black-Scholes is based on partial differencial equation but there is a lot of research going on in the use of other methods like Jump diffusion (Merton model) or Non probabilistic models

Silvio Berlusconi, Dangote, Otedola

Three crooks. Not really good models for businessmen.

Warren Buffet, however, applied to Harvard business school and got rejected (what harvard calls one of their greatest regrets). He still applied showing this great man thought it was worth it paying that much for an MBA.

I think Okonji-Iweala was a Federal goverment scholar so she didn't pay for her MIT education she was sponsored by the Nigerian government i think.

Clinton and Al Gore are from very wealthy backgrounds. So going to an elite school is a must for them. They probably went to elite secondary schools as well.

For one Clinton was from a very poor family, at most American lower middle class, he attended Georgetown university on a series of scholarships. Okonjo Iweala-did her undergrad at Harvard and PhD at MIT. I dont know how she financed undergrad-and i would probably assume she was financed by harvard who at that time was trying to get students from africa to attend- but she said in an interview once that she paid for her doctorate at MIT by loans and when she got a job at the world bank as a result of the school she attended she was able to pay back her loans. From there she reached the top of the world bank.

Yes but you wouldn't learn that much in an MBA. MBA is very very over-rated . It is very very easy even easier than an undergraduate degree.
If it was a Msc Finance them u might probably learn something from the master himself. if you talk about Phd then i accept because u will be robbing minds with these legends constantly

Through an MBA might be very easy at other schools, but at top schools its not the case. You have a class rank and exams are made more difficult to distinguish the best from the pack, this makes it easier for companies to recruit not just from top business schools but from the creme de la creme of these schools.

Msc Finance is what should be debated about here, its a cash cow program and in actual case easier than MBA, even if it is very quantitative. Seems candylips u are mixing the UK a lot with the US. At Msc finance you might be taught by these great professors, but usually if the class is crosslisted (which is usually the case) for both the finance and MBA program, then Msc students and MBA students would end up being taught by the good profs. However, the usual case is that the good professors are the one who teach the MBA. PhDs are totally different from the MBA, but i will not comment because i dont know how management PHds are run.